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Profitability

By

Jack Hough

Updated Jan. 3, 2008 12:01 a.m. ET

Smart-phone makers made for smart stock choices last year. Share prices of Apple and Research In Motion more than doubled. Both companies are expected to post blowout results in their next quarterly reports. But alas, now is the time to sell their shares.

Apple seems the more expensive of the two. For $167 billion, the company is yours in its entirety. But for $3 billion less you can buy both Hewlett-Packard, which shipped more than three times as many personal computers as Apple in its most recent quarter, and RIM, whose...